If the Quantity Desired of Something Exceeds the Amount Available

question 206

Multiple Choice

If the quantity desired of something exceeds the amount available at zero price, that item is called

• A) a service.
• B) an economic good.
• C) an intangible good.
• D) a bad.

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Definitions:

Charge Rate

The rate at which an electric battery or accumulator is charged or discharged, measured in amperes.

μ F

A unit of capacitance, microfarads, representing one-millionth of a farad, used to quantify the storage potential of capacitors.

k Ω

A unit of electrical resistance equal to one thousand ohms, often used in electronics and electrical engineering.

Charge Rate

Charge rate denotes the speed at which a battery or capacitive device is charged, typically measured in amperes or a relative percentage per hour.